Hold Cairn India: Avinash Gupta

Avinash Gupta, Assistant Vice President Research Equity, Bonanza Portfolio Limited in an interview with ET Now talks about Cairn India.

What is the call on Cairn?

Cairn has been doing well of late because of the increasing production and the facilities that they have set up in the oil production, they are increasing steadily. Their pipeline has also been laid. So Cairn is moving up on its own fundamentals. The fact that Vedanta is stepping in and if they have got a strategic position, then let us see what the plans are going to be. At the moment, the stock should be held.